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A sample of 5 1 mutual funds was taken and the mean return in the sample was 1 3 . 5 % with a standard

A sample of 51 mutual funds was taken and the mean return in the sample was 13.5% with a standard deviation of 8.7%. The return on a particular index of stocks (against which the mutual funds are compared) was 11.6%. When testing the hypothesis (at the 10% level of significance) that the return on actively-managed mutual funds is higher than an index of stocks, what is the critical value? (please round your answer to 2 decimal places)

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